Yes it’s replacing Sega republic. I have been told they are keeping 4 of the rides including the coaster and giving them a vr makeover.

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Ah right. Thanks @Dubaidave! Will it just be that the rides will have VR headsets on them or will you walk round the park wearing a headset? Or is this not known yet? Sorry to keep pestering you with questions!

The park opened a few weeks ago according to rcdb, there are already some pictures of the coaster formerly Spingear which is now called Dubai Drone:https://rcdb.com/6250.htm
And yes it is listed as being VR.